1487 Boardwalk Lexington, KY 40511-1803
This exceptional 0.64-acre property in Lexington, Kentucky, presents a prime ground lease opportunity. Located at 1487 Boardwalk, in Fayette County (zip code 40511), this site boasts a 2,215 square foot building, ideal for repurposing or demolition. Its strategic location just off W New Circle Rd provides unparalleled visibility and accessibility, situated adjacent to a Walmart Supercenter and Lexmark's World Headquarters. The property benefits from high daily traffic volume generated by nearby retail giants like Ross and Walmart, as well as numerous surrounding office buildings. The B6P zoning allows for a wide range of uses, including a drive-thru restaurant, making it an attractive option for various businesses. The site's existing infrastructure, combined with its prime location within a thriving retail corridor, presents a unique opportunity for significant return on investment. This location is surrounded by established QSRs including Wendy's, Taco Tico, KFC, Arby's, Panda Express, and Dairy Queen, demonstrating the area's strong demand for quick-service restaurants. The property's single-tenant configuration offers flexibility and control. This is a rare chance to acquire a highly visible and accessible site in one of Lexington's busiest retail areas.
Article 12 - COMMERCIAL CENTER (B-6P) ZONE Share Download Bookmark Print Sec. 12-1. - Intent. The intent of the Commercial Center (B-6P) zone is to create centers of activity that promote commerce and retail along major corridors within the community, while supporting existing residential neighborhoods and incorporating new residential opportunities in accor…
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B-6P · Lexington, KYArticle 12 - COMMERCIAL CENTER (B-6P) ZONE Share Download Bookmark Print Sec. 12-1. - Intent. The intent of the Commercial Center (B-6P) zone is to create centers of activity that promote commerce and retail along major corridors within the community, while supporting existing residential neighborhoods and incorporating new residential opportunities in accordance with the Comprehensive Plan. The standards contained in this provision are intended to: (a) Improve the economic base and tax structure of the Lexington metropolitan area by: (1) Creating a variety of employment, retail, and commerce opportunities, and improving access to these opportunities; (2) Increasing the supply and mixture of housing types available throughout Lexington, thereby improving overall housing affordability; (3) Protecting and enhancing the investments of existing B-6P developments by providing redevelopment opportunities that unlock additional potential to better utilize existing zoned land. (b) Create a sense of place, with experiences and community minded development rather than the over-parked, underutilized suburban model shopping centers of times past by: (1) Creating strongly defined street edges through orienting buildings to roadways, both internal and external; (2) Ensuring that intensive operations, such as loading areas, do not adversely impact or effectively wall off existing neighborhoods; (3) Reducing the impact of parking on land use consumption and walkability by: (i) Encouraging shared parking across complementary professional office and retail uses; (ii) Reducing overall parking. (c) Ensure safe multi-modal transportation options through: (1) Providing walkable developments that function well internally; (2) Creating a well-connected external pedestrian network to adjacent neighborhoods and developments; (3) Providing accessible mass transit facilities that easily connect people to internal destinations; (4) Increasing residential density along major corridors, improving mass transit efficiency; (5) Connecting roadways to provide efficient and direct access for motorists and emergency services. (Code 1983, § 12-1; Ord. No. 263-83 , § 1, 12-15-1983; Ord. No. 147-2000 , § 1, 6-1-2000; Ord. No. 166-2017 , § 6(12-1), 11-16-2017; Ord. No. 5-2018 , § 1(12-1), 2-8-2018) Share Download Bookmark Print
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